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PROPERTY INFO
FACTS
- Single Family
- Built In 2020
- Price/Sqft : $192.59
- 2 Days on Market
- MLS # : 6184901
- Updated Date : 01/23/2021 at 08:29
CONSTRUCTION
- Beds : 3
- Floor Size : 2,471 sqft
- Baths : 3 full
Listing Agent
West Usa Realty
Listing Agent's Description
Gorgeous brand new (2020) ''Olympic'' model. 3BD, 3BA w/ tons of upgrades. The only 2 Story surrounded by single story homes on all sides. Features two flex spaces that could easily be converted to addtl BR's or an office/den. Kitchen features built in upgraded stainless steel appliances, hooded glass cook top, gloss white cabinets, sparkling quartz countertops, huge center island w/ deep set farm house sink. Master suite features giant walk in closet, huge rain forest shower w/ drying pad, double sinks & private water closet. all BR's are generously sized. Polarized dual pane windows t/o. Front yard landscaping is complete w/ in ground watering system. Huge back yard features RV gates & is your blank canvas. Big enough for a pool, deck, grill or whatever you like. Seller related to L/A.
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PRICE & RENT TRENDS
Neighborhood: Bellamy
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
Neighborhood: Bellamy
* NIR Market: Aggregated price or rent trend of all neighborhoods with same NIR
SCHOOLS
FINANCIALS
PROJECTED BASIC MONTHLY INCOME STATEMENT
| INCOME | Rent | $2,670 |
| EXPENSES | Loan Payment | -$1,653 |
| Property Tax | -$285 | |
| Property Insurance | -$75 | |
| HOA | -$62 | |
| Property Management Fees | -$99 | |
|
CASH FLOW
$496
|
||
This is the estimated cash flow generated during a typical maintenance-free month. It is recommended that investors set aside 9% of earned rent to cover both maintenance and periods of vacancy.
$475,900
PROJECTED PRICE
$2,670
PROJECTED RENT
0.56%
PROJECTED RENT / PRICE RATIO
| Expense Inflation | 2.50% |
| Rental Growth Year (1-5) | 3.35% |
| Appreciation Year (1-5) | 3.0% |
| Maintenance Year (1-5) | 3.00% |
| Vacancy | 6.24% |
| Length of Stay Years | 2 |
PROJECTED ACCUMULATED WEALTH
30 YEAR PROJECTION
- Cash Flow
- Appreciation
- Principal
PROJECTED ANNUAL CASH FLOW
PROJECTED PROPERTY VALUE
30 YEAR PROJECTION
- Appreciation
- Principal
- Loan Balance
TOTAL CASH OUT OF POCKET
INVESTMENT
$128,114
LOAN DETAILS
$1,653
MONTHLY LOAN PAYMENT
| Term | 30 Years |
| Interest | 3.75% |
| Down Payment | $118,975 |
| Loan Amount | $356,925 |
11.5
YEARS SAVED
$86,801
INTEREST SAVED
CASH FLOW REINVESTMENT
The time & interest saved by applying each month's positive cash flow towards loan principal pay down.
-
$2,670
LIST RENT -
$1.08
LIST RENT PER SQFT
-
$2,669
COMP ESTIMATED VALUE -
$1.08
COMP AVG. RENT PER SQFT
Comps Range
-
18416 W Robin Lane Surprise, AZ 2
- 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,471 Sqft ∙ Built 2020
- Rent
- Rent Per SQFT
- $2,670
- $1.08
-
24202 N 170th Lane Surprise, AZ 1
- 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2020 3 beds 3 baths ∙ 2,225 Sqft ∙ Built 2020
LEASED 11/24/20- Rent
- Rent Per SQFT
- $2,400
- $1.08
PROPERTY LISTING DETAILS
West Usa Realty
1.866.250.5610
Mynd Property Management
LC664597000
MLS #: 6184901
Last Updated: 01/23/2021
Indicates a property listed by a real estate brokerage other than HomeUnion/Investimate by Mynd. All information should be verified by the recipient and none is guaranteed as accurate by ARMLS. Copyright (c) 2021 Arizona Regional Multiple Listing Service, Inc. All rights reserved.
